Neometals eyes battery recycling JV with Germany's SMS
Australian metals developer Neometals has signed an initial binding agreement with Germany's SMS group to jointly fund and evaluate the next stage of development work on its proprietary lithium-ion battery recycling technology.
Neometals earlier this year sold its stake in the Mt Marion lithium mine in Western Australia and is focusing on lithium recycling and early-stage titanium-vanadium and nickel projects.
SMS has a global footprint and capabilities in design, construction and operation of metallurgical plant and machinery for industrial processing.
In terms of the agreement, Neometals has granted SMS an exclusive due diligence period to evaluate the results of its pilot trial in its final stages in Canada. This could be followed by a joint venture to commercialise the recycling technology. Activities include the design, manufacture and operation of a 2 t/d demonstration-scale plant at SMS sites in Germany and Austria.
The demonstration test work will run in parallel with an engineering cost study to generate operating and capital cost estimates and market evaluation. Upon successful completion of commercialisation activities, a final investment decision will be considered to construct the first commercial-scale lithium-ion battery recycling plant.
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
